CST Sells $505M Peru Copper Mine Stake To Tin Giant Minsur

Law360, New York (April 24, 2012, 1:36 PM EDT) -- Hong Kong-based copper miner CST Mining Group Ltd. has inked a deal to sell its 70 percent stake in Peru's Mina Justa copper project to a unit of Peruvian tin giant Minsur SA for $505 million, CST announced Tuesday.

The deal gives Minsur's copper mining subsidiary, Cumbres Andinas SA, CST's controlling stake in Marcobre SAC, which is developing Mina Justa, according to a statement CST issued Tuesday.

Korean metal producers LS-Nikko Copper Inc. and Korea Resources Corp. jointly own the remaining 30 percent interest in Marcobre,...
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